Shares of William Lyon Homes (NYSE:WLH) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus price target of $19.00 for the company and are anticipating that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also assigned William Lyon Homes an industry rank of 112 out of 265 based on the ratings given to related companies.
Several brokerages have weighed in on WLH. Citigroup Inc. increased their target price on William Lyon Homes from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of William Lyon Homes in a research report on Tuesday, July 12th.
In other William Lyon Homes news, major shareholder Gmt Capital Corp purchased 62,400 shares of the stock in a transaction dated Friday, August 12th. The shares were bought at an average cost of $15.94 per share, with a total value of $994,656.00. Following the completion of the acquisition, the insider now owns 4,833,317 shares of the company’s stock, valued at $77,043,072.98. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 21.33% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of WLH. BlackRock Inc. raised its position in shares of William Lyon Homes by 676.2% in the second quarter. BlackRock Inc. now owns 8,662 shares of the company’s stock worth $139,000 after buying an additional 7,546 shares during the period. Silvercrest Asset Management Group LLC purchased a new position in shares of William Lyon Homes during the first quarter valued at $168,000. BlackRock Advisors LLC boosted its position in shares of William Lyon Homes by 25.6% in the second quarter. BlackRock Advisors LLC now owns 10,977 shares of the company’s stock valued at $177,000 after buying an additional 2,236 shares in the last quarter. American International Group Inc. boosted its position in shares of William Lyon Homes by 20.5% in the second quarter. American International Group Inc. now owns 13,766 shares of the company’s stock valued at $222,000 after buying an additional 2,340 shares in the last quarter. Finally, Mesirow Financial Investment Management US Value Equity purchased a new position in shares of William Lyon Homes during the first quarter valued at $235,000.
Shares of William Lyon Homes (NYSE:WLH) traded down 4.03% on Tuesday, reaching $16.69. 135,843 shares of the company traded hands. The firm has a 50-day moving average of $17.20 and a 200-day moving average of $16.15. The company has a market capitalization of $528.74 million, a PE ratio of 10.46 and a beta of 1.83. William Lyon Homes has a 52-week low of $7.61 and a 52-week high of $24.18.
William Lyon Homes (NYSE:WLH) last issued its earnings results on Friday, August 5th. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. William Lyon Homes had a return on equity of 9.01% and a net margin of 4.98%. The firm had revenue of $325.65 million for the quarter, compared to analyst estimates of $297.56 million. During the same period last year, the company earned $0.32 earnings per share. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. On average, equities research analysts forecast that William Lyon Homes will post $1.78 earnings per share for the current fiscal year.
About William Lyon Homes
William Lyon Homes is primarily engaged in the design, construction and sale of single family detached and attached homes in California, Arizona and Nevada. The Company conducts its homebuilding operations through four reportable operating segments: Southern California, Northern California, Arizona and Nevada.
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